Schiff Report: Bank of Japan says trust in Treasuries and US dollar is unshakable

[qh4dotcom]

YouTube - Japan's unshakable confidence in the U.S. dollar, yeah right! (http://www.youtube.com/watch?v=KaXoLYciT5s)

Oops...looks like the economic collapse will have to wait a little longer...looks like Japan will keep propping up the US economy indefinitely.

[Vessol]

Japan? Which Japan? The Japan that's own economy is massively in debt?

[qh4dotcom]

The same Japan who is the biggest lender to the US government after China

[NerveShocker]

This is interesting you know I wonder if Peter is right. Usually you fake one way then actually go the other to get a better price.

[apropos]

Part of this business is learning how to be wrong. I like Schiff as much as the next guy, but I think Mish has a more intelligent take on the current economic situation. The decoupling event has not played out the way originally thought, and folks are going to take some time to recover from their haircut. It would have been better to hold onto dollars for the short term.

Sometimes, being early is the same as being wrong.

[ctiger2]

Part of this business is learning how to be wrong. I like Schiff as much as the next guy, but I think Mish has a more intelligent take on the current economic situation. The decoupling event has not played out the way originally thought, and folks are going to take some time to recover from their haircut. It would have been better to hold onto dollars for the short term.

Sometimes, being early is the same as being wrong.

So China talking to Mexico about trade without the USD isn't decoupling? How bout China overtaking the US in car sales recently? From the way I see it, total decoupling like Schiff is talking about will take several years to play out. Let's just say he's ahead of his times. He's always stated he's a LONG term investor... I don't like Mish.

[silverhawks]

"Bank of Japan says trust in Treasuries and US dollar is unshakable....while laughing nervously and doing a third chain of whiskey shots."

[He Who Pawns]

Part of this business is learning how to be wrong. I like Schiff as much as the next guy, but I think Mish has a more intelligent take on the current economic situation. The decoupling event has not played out the way originally thought, and folks are going to take some time to recover from their haircut. It would have been better to hold onto dollars for the short term.

Sometimes, being early is the same as being wrong.

Let's revisit this post of yours in a year or two. We'll see who was right and who was wrong. Remember, Peter doesn't try to time markets. He's a long-term investor.

[dannno]

He's right, this is all a charade..

See: http://www.ronpaulforums.com/showthread.php?t=195443&highlight=japanese+caught


"Maybe they want to talk up the dollar so they can get rid of their dollars" - Peter Schiff


Exactly.

[Dr.3D]

If they are so unshakable, then why would a couple of guys be trying to unload 134 billion in U.S. treasuries?

[/URL][url]http://www.ronpaulforums.com/showthread.php?t=195443 (http://www.ronpaulforums.com/showthread.php?t=195443)

[emazur]

"Bank of Japan says trust in Treasuries and US dollar is unshakable....while laughing nervously and doing a third chain of whiskey shots."

"Japan Minister Quits After Appearing Drunk at G7":
http://www.foxnews.com/story/0,2933,494164,00.html

[hugolp]

Part of this business is learning how to be wrong. I like Schiff as much as the next guy, but I think Mish has a more intelligent take on the current economic situation. The decoupling event has not played out the way originally thought, and folks are going to take some time to recover from their haircut. It would have been better to hold onto dollars for the short term.

Sometimes, being early is the same as being wrong.

Not this again. Mish is lame. And dollar bonds have not been performing very good. Mish was wrong. I wonder if he will admit it.

[HOLLYWOOD]

JAPAN needs a STRONG US dollar for THEIR EXPORT ECONOMY.

It's a CHARADE alright... Japan has intervened multiple yimes in the past year to prop up the garbage FRNs.

NOW THIS DISASTER: Japan current account drops 55%

[/URL]http://news.bbc.co.uk/2/hi/business/8089477.stm (http://news.bbc.co.uk/2/hi/business/8089477.stm)

Japan's current account surplus declined in April for the fourteenth consecutive month.
The finance ministry said the April surplus dropped by 55% to 630.5bn yen ($6.4bn; £4bn) from the same month a year ago as exports declined sharply.
Japan's economy, which depends heavily on exports, has been hit hard by the global downturn. It shrank at its quickest pace since records began, as exports slumped during the first three months of 2009.


He's right, this is all a charade..

See: [url]http://www.ronpaulforums.com/showthread.php?t=195443&highlight=japanese+caught (http://www.ronpaulforums.com/showthread.php?t=195443&highlight=japanese+caught)


"Maybe they want to talk up the dollar so they can get rid of their dollars" - Peter Schiff


Exactly.

[Brassmouth]

Part of this business is learning how to be wrong. I like Schiff as much as the next guy, but I think Mish has a more intelligent take on the current economic situation. The decoupling event has not played out the way originally thought, and folks are going to take some time to recover from their haircut. It would have been better to hold onto dollars for the short term.

Sometimes, being early is the same as being wrong.

The same Mish who, as it turns out, was spouting out lies simply to attract customers for his two-bit investment firm?

Yeah, no thanks...

[Liberty_Tree]

YouTube - Japanese minister 'drunk at G7 meeting' (http://www.youtube.com/watch?v=BmAwvXS8ixs)

[TGGRV]

Don't all this idiots realize that the US T-Bills are a huge Ponzi scheme? And all the idiots who say that they have to buy T-Bills because they already did way too much. That's like me putting 5000$ in a pyramidal scheme and then taking 50 000$ more so that I don't lose my 5000$ investment.

It would be funny when the deflationary pressures on the market will go away, to see what happens to all the money that got printed.